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EU financial services commissioner confirmed, urged to stick to SFDR pledge

€8.9bn Irish sovereign wealth fund to divest from fossil fuels

The €8.9 billion ($10.4 billion) Ireland Strategic Investment Fund (ISIF) is to divest from fossil fuels within five years following the passing of a bill in the Irish parliament, in what has been hailed a seminal moment in the country’s transition to a low-carbon economy.